Data: Bitcoin Transaction Fees Accounted for Less Than 1% of Total Block Rewards in June, Hitting a New Low Since 2022
According to a report by Jinse Finance, data from Luxor's Hashrate Index shows that in June, transaction fees accounted for less than 1% of total block rewards, marking a new low since 2022. Currently, miners receive 3.125 bitcoins (approximately $327,000) and transaction fees for each successfully processed block. However, as Bitcoin network usage declines, transaction fees remain low, with the average transaction cost at just $1.45.
CJ Burnett, Chief Revenue Officer at Compass Mining, stated: "Despite the rise in Bitcoin prices, mining revenue has remained near historic lows since the 2024 halving." Industry experts believe that having efficient mining hardware and competitive electricity costs are key for miners to survive during challenging times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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